08/05/2012
After hit the peak at USD138 a barrel in early April, A92 gasoline from Singapore has retreated again. Yesterday, price reduced by 1,45% to USD122,4 a barrel. It is following to the trend of the world oil market in the context of slower growth of Th..
07/05/2012
Vietnam Petroleum Corporation (Petrolimex) said that all imported petroleum products including A92 and A95 gasoline, DO, FO, kerosene prices fell simultaneously in April 2012. In detail, A92 gasoline price decreased from USD134.48 a barrel in March ..
03/05/2012
Representatives of the Price Management Department (Ministry of Finance) and major petroleum distributors said after lifting fuel price since April 20th, major petroleum distributors has not suffered losses anymore, even profit. At present, crude o..
03/05/2012
According to a preliminary report sent to Ministry of Industry and Trade, oil and gas companies have lossed about USD5,000 billion in Quarter I. Gas prices have been increased continuously in recent time to higher levels, but the domestic distributo..
02/05/2012
Ministry of Industry and Trade (MIT) has sent to the Prime Minister a document for proposing not to intervene in price of electricity and petrol decision. In document, MIT proposed State only control frame of price, sale, transmission, distribution ..
02/05/2012
As announced by cooking gas distributors, retail price of PetroVietnam gas, Saigon Petro… has reduce by another VDN2,917 a kg, equivalent to VND35,000 a cylinder of 12kg to VND370,000 a cylinder of 12kg since 1st May, 2012. The decline of pri..
25/04/2012
Retail price of cooking gas may ease to VND370.000-380.000 a cylinder of 12kg in the early May. As reported by retailers, world gas price currently is offering to Vietnam less than USD900 a tonne, around USD100 a tonne lower than price from early th..
23/04/2012
A Vietnam-Venezuela oil and gas joint venture has begun production at a new field in the Orinoco region with an initial output of 50,000 barrels per day (bpd), the Vietnamese government said on Thursday. The venture, PetroMacareo, would raise extra ..
23/04/2012
In April 20th, afternoon, Ministry of Finance has decided to lift retail prices of fuel one more time. Accordingly, A92 gasoline increased another VND900 a liter, kerosene up by VND600 a liter, VND500 a liter and VND400 a liter for diesel and mazut...
19/04/2012
Recently, four distributors have sent a proposal to government to increase fuel price, but whether retail gas prices will rise for the second time since early this year or not? As Ms Vu Thi Mai- Deputy Minister of Ministry of Finance said in March 7..
18/04/2012
The fuel smuggling from Vietnam to Cambodia has recurred recently in Hung Dien and Hung Dien B communces, Tan Hung district (Long An province). Motorcyles fleets have been carrying fuel cans in everyday night (from ze to 3 or 4 am). They crept throu..
17/04/2012
Due to the decline of discount, many gas stations in Binh Duong have installed a devices on fuel measured column to withrawn a part of fuel from customers. In April 13th, The Binh Duong Market Managerment Deparment said, they found five gas stations..
16/04/2012
According to data released by Ministry of Industry and Trade (MIT), fuel imports, expecially diesel, reduced in Quarter 1. Petroleum imports reached more than 1.65 million cubic meter/tonne, recuded by 42% over the same time last year, and accounted..
12/04/2012
In recent days, some gasoline stations in Huong Thuy Commune (Thua Thien Hue) has been closing and hanging a notice –out of gasoline. Ms Pham Nguyen Phuong- deputy director of Huong Thuy Corporation – the management of these gas station..
12/04/2012
At conference held in April 11th, members of National Assembly Standing Committee have not agreed whether to take gasoline, oil and electricity into the list of iterms set prices by the government or not. Price bill verification agency-Budget Commit..
11/04/2012
Regional demand from Vietnam has not been as strong as initially expected. Petrolimex, faced with high price levels, has so far purchased just half of the 180,000 tonnes it initially sought. Vietnam's Petrolimex on the other hand has secured about 8..
10/04/2012
On Friday, April 6th, Mr Vo Thanh phong from Tay Ninh Market Management Department said they have fined VND30 million and suspended the business activity within 6 months to Thuy Hang fuel retailer (owned by Mr Nguyen Van Hong in Hoa Hiep ward, Tan Bi..
09/04/2012
Ministry of Industry and Trade has just issued a Decision No 1665/QĐ-BCT on approving the plan of fuel store system along Highway 1A to 2020 and vision to 2025. Accordingly Decision, tier-one gas stations have to have minimum area of 5600m2, 6 fuel ..
09/04/2012
In April 6th, Ministry of Finance and Ministry of Interior have held a conference together at International Convention Centre in Hanoi to summerize the Decree No 130/2005/NĐ-CP of autonomous mechanism for state agencies and Decree No 43/2006/NĐ-CP of..
05/04/2012
Thai Binh Duong Gas and Oil Commercial Joint Stock Company (Pacific Petro), the owner of Pacific gas, has just announced to lower its retail price of gas another VND5,000 a cylinder of 12kg since 5th April. This is the second time price reduction sin..
04/04/2012
In the early April, cooking gas distributors have simultaneously reduced retail price for the domestic market by VND72,000 a cylinder of 12kg folllowing the fall of price in the world market. However, according to an estimation of gas retailer in Ho..
03/04/2012
In the first two days in April, simultaneous gas retailers in Bac Lieu (Bac Lieu province) suddenly stopped selling kerosene, so users had to go to the remote districts such as Phuoc Long, Gia Rai ... to buy. Most of gas retailers said this product..
03/04/2012
Since April 4th, retail price of cooking gas in domestic market will reduce by VND6,000 a kg, equivalent to VND70,000 a cylinder of 12kg compare to the early last month. Mr Do Trung Thanh, Deputy Sales Manager of gas from Saigon Petro said that, ret..
30/03/2012
Giá dầu thô thế giới đang bước qua tuần giảm thứ ba trong tuần này. Xu hướng giảm đã kéo dài kể từ đầu tuần sau khi thông tin về việc Mỹ-Anh và Pháp chuẩn bị mở kho dầu chiến lược để ngăn g..
29/03/2012
PV Oil Co., Vietnam’s state-owned oil-marketing company, offered to sell two cargoes of Chim Sau crude for loading in May totaling 550,000 barrels, said two traders, declining to be identified because the information is confidential. Details o..
28/03/2012
On March 27th, group include Binh Duong Management Deparment and Quality Measurement Deparment (Binh Duong Technology – Science Deparment) have sealed three fuel pumps in Binh Duong province after discovered their fraud. The first one is belon..
27/03/2012
The Weekly Challenges quoted report of GIZ economic researcher showed that gasoline prices are very too large difference among countries. In Turkey, people have to pay about 1.91 euros (VND52,800) for a liter of gasoline. But, in Venezuela, customer..
22/03/2012
In the first half of March, the price of fuel products from Singapore, a major supplier of Vietnam, continued to rise by 2.94-6.39%. Petrolimex said that in the first half month of March, the fuel price in the world market still kept at high levels...
22/03/2012
PV Oil Co., Vietnam’s state-owned oil-marketing company, sold a cargo of Rang Dong crude to Petroleo Brasileiro SA (PETR4), known as Petrobras, at a premium of between $3.10 and $3.20 above benchmark Minas oil prices, according to two traders w..
21/03/2012
As reported by Reuters, the import volume of diesel of Vietnam in March and April is expected to rise three to four times over February. Currently, importers are seeking to purchase a huge quantity of gasoil in order to meet demand soaring after gove..
20/03/2012
In a document emailed to potential suppliers, Vietnam National Petroleum Corp, the largest fuel importer of Vietnam and PV Oil, a unit of state-owned Vietnam Oil & Gas Group, are seeking to buy 61,000 metric tonnes and 4,500 tonnes of gasoil respect..
19/03/2012
According to source from Idustrial and Commercial Facility (ICF) in Ha Noi, many local gas stations are in moderate business situation or stoppeding their business activity in recently for low discounts from major distributors. As known, the mount ..
15/03/2012
Some distributors have just announced to drop retail price of cooking gas another VND10,000 a cylinder of 12kg, while other said they are considering to seek measures to keep market share. Gas price has constantly fluctuated since early this month a..
14/03/2012
According to source, Ministry of Indistry and Trade (MIT) has handled the violation of Vietnam Marine Corporation - Vinalines, one of 12 companies is assigned import quotas of fuel in 2012 by government, but they did not import any gasoline for mont..
14/03/2012
PV Oil Co., Vietnam’s state-owned oil-marketing company, is offering as much as 250,000 barrels of Rang Dong crude for late-May loading, according to two traders who declined to be identified because the information is confidential. Details of..
13/03/2012
Petro Vietnam, oil and gas group owned by state, is in the negociation with foreign parners to sell 49% of stakes in its Dung Quat oil refinery. As reported by Dow Jones Newswire news agency, this news has been confirmed by Mr Nguyen Hoang Giang - ..
12/03/2012
According to data released by Ministry of Industry and Trade, crude oil output in the first two months this year reached 2.7 million tonnes, up by 11.6% year on year. Natural gas production reached 1.48 million cubic meters, up by 1.4% over the same ..
12/03/2012
Mr Do Trung Thanh, deputy manager of gas sales Department of Saigon Petro said that since March 10th, retail price of cooking gas will be lowed by VND833 a kg, equivalent to VND10,000 of 12kg cylinder to VND451,000 a cylinder of 12kg in Ho Chi Minh c..
09/03/2012
As estimated by Ministry of Finance, the adjustment of retail price of fuel an additional VND600-2,100 a liter in March 7th will impact on the CPI in this year. Talking to reporters at the sideline of draft meeting of Personal Income Tax Law Amendme..
08/03/2012
Retail price of A92 gasoline increased by VND2,100 to VND22,900 a liter since 16h pm March 7th, 2012. And other products include diesel, mazut also increased by VND 600-2,000 a liter. According to Dispatch No. 3033 issued by the Ministry of Finance ..
07/03/2012
At the press conference of Government in March 6th, afternoon, Vice Minister of Ministry of Finance – Mrs Vu Thi Mai said that in recent two months, price of import petrol products has risen to the highest level in years, expecially gasoline pr..
06/03/2012
At the press held by Ministry of Industry and Trade in march 5th, afternoon, Mr vo Van Quyen, head of Domestic Market Department said that almost basic prices of petrol products currently are higher than retail prices, so government need have some me..
05/03/2012
PV Oil Co., Vietnam’s state-owned oil-marketing company, sold as much as 450,000 barrels of Rang Dong crude to Arcadia Petroleum Ltd. and Royal Dutch Shell Plc (RDSA) at premiums from $3.30 to $4 a barrel above benchmark prices, said three trad..
05/03/2012
In March 2nd, afternoon, retail price of gas of Saigon Petro has adjusted to reduced by VND16,000 in domestic market after increasing by VND52,000 a cylinder of 12kg in previous two days. So the retail gas price of Saigon Petro will be VND461,000 a ..
01/03/2012
PV Oil Co., Vietnam’s state-owned oil marketing company, offered to sell 200,000 barrels of Rong Doi condensate for April loading, said three traders who participate in the market, declining to be identified because the information is confident..
01/03/2012
From March 1st, retail price of cooking gas will increase another VND52,000 to VND477,000 a cylinder. This is the third time gas price increase since this year. The increase in price was beginning at 7h30 today. Accordingly, Saigon Petro will lift p..
29/02/2012
On February 27th, morning, General Department of Statistic has released data import liquefied natural gas in February. Accordingly, Vietnam imported 70,000 tonnes of liquefied nature gas in February, worth USD75 million. Total imports in the first t..
28/02/2012
Cooking gas consumption in February has decreased about 30-40% and likely down further in the next time due to high price. The cooking gas price has increased to the highest level so far in the first two months 2012 causing concerns to customers. Ma..
27/02/2012
Petrolimex is aiming to cut the costs by VND 137 billion as a part of restructing plan after equitization. On February 24th, state’s own Petrolimex Group has held a ceremony for signing of commitment about saving costs of 5-10% in 2012. Accor..
23/02/2012
PV Oil Co., Vietnam’s state-owned oil marketing company, offered to sell cargoes of Te Giac Trang, Bach Ho and Ruby oil, totaling as much as 1.8 million barrels, for loading in April, said five trading sources who participate in the market, dec..
22/02/2012
The complicate and unpredictable fluctuation of crude oil in the world market recently has pushed major importers in to difficuties, many of them said they are in losses. Ministry of Finance has jointed with Ministry of Industry and Trade tracking a..
21/02/2012
Ministry of Finance to reduce import tax rates of fuel On February 21st, 2012, Ministry of Finance has issued a Circular No. 25/2012/TT-BTC on guiding the implementation of preferential import tax rates for a number of commodity items of Heading 271..
21/02/2012
Whether domestic gasoline price to rise following the world or not? Crude oil price in the world market has soared to the highest level in the six months, raising the concern for domestic customers about retail price of fuel will adjust to increase ..
20/02/2012
ConocoPhillips, the leading U.S. oil company, has agreed to sell its all assets in Vietnam to Perenco SA – a French oil and gas company, for USD1.29 billion in order to withdraw the operation from the country after 15 years. According to Bloom..
20/02/2012
Ecuador state-run oil company Petroecuador said that ConocoPhillips (US) and Petrovietnam (Vietnam) had won a right to purchase a total of 7.5 million barrels of crude oil from Ecuador. According to Reuters, Petro Ecuador announced this news on Frid..
15/02/2012
Since December 2012 to February 2012, cooking gas prices has been lifted for 7 times, total VND 80,000 a cylinder of 12kg. However, the constant increasing in price has caused hardship for consumers, especially in during difficult economic situation ..
15/02/2012
TNK – BP, th third largest oil and gas company in Russia has intented to expand investment in Vietnam, after receiving the transfer of assets from BP Group (UK). To implement this plan, TNK – BP is currently paticipating in the bidding r..
14/02/2012
The office of the government has just sent a document on requesting the Ministry of Finance to consider cutting the cooking gas import tax to 2% from current 5% as proposed by Vietnam Gas Association (VGA). According to news from VGA, domestic cooki..
13/02/2012
Siam Cement Group (Thailand), Qatar Petroleum International Group (Qatar), Petrol Vietnam Group and Vietnam Chemical Corporation both have just signed a joint venture contract on constructing investment in a petrochemical complex in Vietnam, worth of..
13/02/2012
After being "condemned" for excessively high prices, in February 10th, major cooking gas companies suddenly decreased retail cooking gas price by VND10,000-12,000 per 12 kg cylinder to stabilize prices and share with consumers. In order to share wit..